Market Share of Target Acquisition Systems Industry
Some of the prominent players in the target acquisition systems market are Elbit Systems Ltd, Leonardo SpA, Raytheon Technologies Corporation, Safran SA, and Thales Group, among others. The defense manufacturing industry is highly competitive, and with the evolving global battlefield environment, companies must align their product portfolios to the evolving requirements of end users. In order to gain long-term contracts and enhance the market share, players are investing significantly in the R&D of sophisticated product offerings. Furthermore, continuous R&D has been fostering the technological advancements in platforms and associated products and solutions of the active players in the target acquisition systems market. For instance, in June 2020, Thales unveiled the Sophie Optima Long Range handheld targeting system, the latest addition to its Sophie family of systems. According to the company, the new member of the Thales targeting binoculars portfolio offers better ergonomics, size, weight, and power (SWaP) characteristics, and superior performance. Such developments are expected to help the growth of the players during the forecast period.
Target Acquisition Systems Market Leaders
Elbit Systems Ltd
Leonardo SpA
Safran SA
Thales Group
Raytheon Technologies Corporation
*Disclaimer: Major Players sorted in no particular order
